The Ethereum Prize was one of the best interpreters on the cryptocurrency market in the third quarter, reaching a new record of all time at the end of August. However, the second largest cryptocurrency struggled to rely on this record momentum in September.
With September and the third quarter of 2025 almost finished, the Ethereum price seems to have trouble recovering the level of psychological support of $ 4,000. You will find below the critical support levels to monitor if a deeper correction occurs, according to the latest data on the chain.
$ 3,500 is the next stop for the price of the ETH?
In an article on September 27 on the X platform, the popular analyst of Crypto Ali Martinez identified three major levels of support to look at whether the Ethereum price was still decreasing in the coming weeks. This chain observation revolves around the metric of the distribution of prices produced UTXO (URPD), which estimates the amount of a specific cryptocurrency acquired at a certain price level.
Related reading
This indicator examines the capacity of a price level to act as a chain support or resistance area, which generally depends on the number of investors with their cost base at the given level. The basis of the costs of an investor refers to the original price from which they bought an cryptographic asset (ether, in this scenario).
Based on cost base theory, the main support areas are often around price levels – with significant purchase activity – at the value of the current punctual value. After buying their assets at these prices, several investors tend to double and buy more assets when the price returns to their cost base, keeping the prices afloat.
According to data highlighted by Martinez, the next major levels of support for the Ethereum price are around $ 3,515, $ 3,020 and $ 2,772. As observed in the graph below, if the price of the ETH does not have a sustained closure above $ 4,000, its next immediate support cushion is around $ 3,515, where almost 1.39 billion parts of parts were purchased.
In a case where the “King of Altcoins” fails to stop bleeding, the metric of the price distribution made UTXO shows that the next major support is $ 3,020, where almost 2.65 billion parts were purchased. From now on, the latest important support for the Ethereum price represents about $ 2,772, which is the cost base of more than 2.64 billion ether tokens.
Ethereum Prize at a glance
To date, the price of the ETH amounts to around $ 3,994, not reflecting any significant movement in the last 24 hours. While the largest Altcoin by market capitalization seems to cling to the major level of $ 4,000, its performances in last week are still quite disturbing. According to Coingecko data, the Ethereum price is down more than 10% in the last seven days.
Related reading

Shutterstock star image, tradingview graphic
(Tagstotranslate) ETH (T) Ethereum (T) Ethereum Prix (T) ETHUSDT (T) UTXO Metric Distribution Distribution made
Source link